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Trending ETFs

Name

As of 06/04/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.43

$551 M

-

$0.00

1.33%

Vitals

YTD Return

0.8%

1 yr return

4.5%

3 Yr Avg Return

4.4%

5 Yr Avg Return

2.8%

Net Assets

$551 M

Holdings in Top 10

14.3%

52 WEEK LOW AND HIGH

$11.4
$11.14
$11.45

Expenses

OPERATING FEES

Expense Ratio 1.33%

SALES FEES

Front Load N/A

Deferred Load 1.00%

TRADING FEES

Turnover 12.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$0

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/04/2021

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$11.43

$551 M

-

$0.00

1.33%

FPMBX - Profile

Distributions

  • YTD Total Return 0.8%
  • 3 Yr Annualized Total Return 4.4%
  • 5 Yr Annualized Total Return 2.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 2.06%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Nuveen Pennsylvania Municipal Bond Fund
  • Fund Family Name
    Nuveen
  • Inception Date
    Feb 02, 1994
  • Shares Outstanding
    N/A
  • Share Class
    C
  • Currency
    USD
  • Domiciled Country
    United States

Fund Description

Under normal market conditions, the Fund invests at least 80% of the sum of its net assets and the amount of any borrowings for investment purposes in municipal bonds that pay interest that is exempt from regular federal and Pennsylvania personal income tax. These municipal bonds include obligations issued by the State of Pennsylvania and its subdivisions, authorities, instrumentalities and corporations, as well as obligations issued by U.S. territories (such as Puerto Rico, the U.S. Virgin Islands and Guam) or other U.S. states that pay interest that is exempt from regular federal and Pennsylvania personal income tax. The Fund may invest up to 20% of its net assets in municipal bonds that are exempt from regular federal income tax, but not from Pennsylvania personal income tax if, in the judgment of the Fund’s sub-adviser, such purchases are expected to enhance the Fund's after-tax total return potential. The Fund may invest without limit in securities that generate income subject to the alternative minimum tax, therefore, the Fund may not be suitable for investors subject to the federal alternative minimum tax. The Fund will generally maintain, under normal market conditions, an investment portfolio with an overall weighted average maturity in excess of 10 years.
Under normal market conditions, the Fund invests at least 80% of its net assets in investment grade municipal bonds rated BBB/Baa or higher at the time of purchase by at least one independent rating agency or, if unrated, judged by the Fund’s sub-adviser to be of comparable quality. The Fund may invest up to 20% of its net assets in below investment grade municipal bonds, commonly referred to as “high yield” or “junk” bonds.
The Fund may invest in all types of municipal bonds, including general obligation bonds, revenue bonds and participation interests in municipal leases. The Fund may invest in zero coupon bonds, which are issued at substantial discounts from their value at maturity and pay no cash income to their holders until they mature.
The Fund may invest up to 15% of its net assets in municipal securities whose interest payments vary inversely with changes in short-term tax-exempt interest rates (“inverse floaters”). Inverse floaters are derivative securities that provide leveraged exposure to underlying municipal bonds. The Fund’s investments in inverse floaters are designed to increase the Fund’s income and returns through this leveraged exposure. These investments are speculative, however, and also create the possibility that income and returns will be diminished.
The Fund may utilize the following derivatives: futures contracts, swap contracts, options on futures contracts and options on swap contracts. The Fund may use these derivatives in an attempt to manage market risk, credit risk and yield curve risk, and to manage the effective maturity or duration of securities in the Fund’s portfolio.
The Fund’s sub-adviser uses a value-oriented strategy and looks for higher-yielding and undervalued long-term municipal bonds that offer above-average total return. The sub-adviser may choose to sell municipal bonds with deteriorating credit or limited upside potential compared to other available bonds.
The Fund is primarily designed for investment by Pennsylvania taxpayers.
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FPMBX - Performance

Return Ranking - Trailing

Period FPMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -88.4% 8.9% 46.12%
1 Yr 4.5% -19.8% 22.3% 44.43%
3 Yr 4.4%* -6.1% 10.6% 46.39%
5 Yr 2.8%* -3.5% 7.1% 40.50%
10 Yr 4.0%* -0.2% 9.5% 39.28%

* Annualized

Return Ranking - Calendar

Period FPMBX Return Category Return Low Category Return High Rank in Category (%)
2023 1.3% -91.1% 310.0% 58.88%
2022 5.0% -79.8% 15.4% 16.58%
2021 -2.6% -72.6% 97.2% 54.30%
2020 2.4% -100.0% 7.6% 23.75%
2019 -3.8% -35.9% 96.8% 82.88%

Total Return Ranking - Trailing

Period FPMBX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.8% -88.4% 9.1% 46.08%
1 Yr 3.5% -23.6% 29.0% 40.90%
3 Yr 4.4%* -6.9% 11.3% 37.69%
5 Yr 2.8%* -4.0% 7.1% 30.56%
10 Yr 4.0%* -0.4% 9.5% 34.02%

* Annualized

Total Return Ranking - Calendar

Period FPMBX Return Category Return Low Category Return High Rank in Category (%)
2023 1.3% -91.1% 310.0% 58.88%
2022 5.0% -79.8% 15.4% 16.76%
2021 -2.6% -72.6% 11.0% 55.65%
2020 2.4% -100.0% 7.6% 26.80%
2019 -3.8% -35.9% 3.0% 83.95%

NAV & Total Return History


FPMBX - Holdings

Concentration Analysis

FPMBX Category Low Category High FPMBX % Rank
Net Assets 551 M 901 K 86.4 B 45.50%
Number of Holdings 310 1 11766 29.19%
Net Assets in Top 10 76.6 M -241 M 4.86 B 34.31%
Weighting of Top 10 14.27% 2.4% 100.0% 75.03%

Top 10 Holdings

  1. ALLEGHENY CNTY PA HOSP DEV AUTH REV 4% 2.21%
  2. BERKS CNTY PA INDL DEV AUTH HEALTH SYS REV 5% 2.11%
  3. COMMONWEALTH FING AUTH PA TOB MASTER SETTLEMENT PMT REV 4% 1.90%
  4. Energy HBR Corp 1.74%
  5. PENNSYLVANIA ECONOMIC DEV FING AUTH REV 3% 1.50%
  6. PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 3.2% 1.18%
  7. PENNSYLVANIA ST TPK COMMN TPK REV 6.38% 1.18%
  8. PENNSYLVANIA HSG FIN AGY SINGLE FAMILY MTG REV 3.35% 1.18%
  9. BUCKS CNTY PA INDL DEV AUTH HOSP REV 3% 1.15%
  10. ALLEGHENY CNTY PA 5% 1.15%

Asset Allocation

Weighting Return Low Return High FPMBX % Rank
Bonds
97.44% 51.33% 145.79% 72.43%
Stocks
1.74% -0.08% 2.59% 0.40%
Cash
0.82% -45.79% 48.67% 44.80%
Preferred Stocks
0.00% -3.41% 1.06% 0.32%
Other
0.00% -13.42% 30.00% 2.50%
Convertible Bonds
0.00% 0.00% 1.18% 0.32%

Stock Sector Breakdown

Weighting Return Low Return High FPMBX % Rank
Utilities
0.00% 0.00% 0.00% 54.16%
Technology
0.00% 0.00% 0.00% 47.72%
Real Estate
0.00% 0.00% 0.00% 48.26%
Industrials
0.00% 0.00% 100.00% 49.06%
Healthcare
0.00% 0.00% 0.00% 50.67%
Financial Services
0.00% 0.00% 0.00% 53.89%
Energy
0.00% 0.00% 0.00% 6.97%
Communication Services
0.00% 0.00% 0.00% 55.76%
Consumer Defense
0.00% 0.00% 0.00% 46.92%
Consumer Cyclical
0.00% 0.00% 100.00% 52.82%
Basic Materials
0.00% 0.00% 0.00% 47.99%

Stock Geographic Breakdown

Weighting Return Low Return High FPMBX % Rank
US
1.74% -0.08% 2.59% 0.40%
Non US
0.00% 0.00% 0.00% 0.04%

Bond Sector Breakdown

Weighting Return Low Return High FPMBX % Rank
Municipal
99.13% 39.29% 100.00% 50.93%
Cash & Equivalents
0.87% 0.00% 48.67% 47.98%
Derivative
0.00% 0.00% 0.10% 0.12%
Securitized
0.00% 0.00% 7.63% 1.85%
Corporate
0.00% 0.00% 13.54% 16.25%
Government
0.00% 0.00% 51.02% 4.44%

Bond Geographic Breakdown

Weighting Return Low Return High FPMBX % Rank
US
96.48% 0.00% 141.11% 60.28%
Non US
0.96% 0.00% 100.00% 43.91%

FPMBX - Expenses

Operational Fees

FPMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.33% 0.01% 4.23% 17.08%
Management Fee 0.49% 0.00% 1.12% 71.60%
12b-1 Fee 0.75% 0.00% 1.00% 69.32%
Administrative Fee N/A 0.01% 0.47% N/A

Sales Fees

FPMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load 1.00% 0.25% 5.50% 34.08%

Trading Fees

FPMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 1.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FPMBX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 12.00% 0.00% 299.40% 17.55%

FPMBX - Distributions

Dividend Yield Analysis

FPMBX Category Low Category High FPMBX % Rank
Dividend Yield 0.00% 0.00% 1.75% 4.11%

Dividend Distribution Analysis

FPMBX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

FPMBX Category Low Category High FPMBX % Rank
Net Income Ratio 2.06% -1.65% 24.00% 59.23%

Capital Gain Distribution Analysis

FPMBX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Monthly Annually

Distributions History

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FPMBX - Fund Manager Analysis

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 36.27 7.11 0.66